COSCO SHIPPING Development Co., Ltd. — Capital/Financing Update 2016

Oct 31, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of China Shipping Container Lines Company Limited.

中海集裝箱運輸股份有限公司 * China Shipping Container Lines Company Limited

(A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 02866)

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

(1) PROPOSED NON-PUBLIC ISSUANCE OF A SHARES

(2) CONNECTED TRANSACTION - PROPOSED SUBSCRIPTION OF A SHARES BY THE CONTROLLING SHAREHOLDER

(3) APPLICATION FOR WHITEWASH WAIVER

(4) SPECIAL DEAL

(5) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND (6) PROPOSED ADOPTION OF THE SHAREHOLDERS’ RETURN PLAN

Reference is made to the announcement of China Shipping Container Lines Company Limited (the “ Company ”) dated 11 October 2016 in relation to, among other things, (i) the Proposed Nonpublic Issuance of A Shares, (ii) the CS Subscription, (iii) the Specific Mandate, (iv) the Whitewash Wavier, (iv) the Special Deal, (v) the Proposed Amendments to the Articles of Association and (vii) the Shareholders’ Return Plan (the “ Announcement ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, a circular (the “ Circular ”) containing, among other things, (i) further details of the Proposed Non-public Issuance of A Shares, the CS Subscription, the Specific Mandate, the Whitewash Waiver, the Special Deal, the Proposed Amendments to the Articles of Association and the Shareholders’ Return Plan; (ii) a letter from the Independent Board Committee to the Independent Shareholders containing its recommendation in respect of the Proposed Nonpublic Issuance of A Shares, the CS Subscription, the Specific Mandate, the Whitewash Waiver and the Special Deal; (iii) a letter from an independent financial adviser to the Independent Board Committee and the Independent Shareholders containing its recommendation in respect of the Proposed Non-public Issuance of A Shares, the CS Subscription, the Specific Mandate, the Whitewash Waiver and the Special Deal; and (iv) the notice of the EGM and the Class Meetings was expected to be despatched to the Shareholders on or before 1 November 2016 in accordance with the requirements of the Listing Rules and the Takeovers Code.

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As additional time is required to prepare and finalise certain information to be contained in the Circular, including but not limited to the letter from the Board, the letter from the Independent Board Committee, the letter from the independent financial adviser and the financial information of the Group, the Company has applied to the Executive for its consent to waive from strict compliance with Rule 8.2 of the Takeovers Code and to extend the time for the despatch of the Circular from 1 November 2016 to a date falling on or before 1 December 2016 and the Executive has indicated that it is minded to grant such consent.

By order of the Board China Shipping Container Lines Company Limited Yu Zhen Joint Company Secretary

Shanghai, the People’s Republic of China 31 October 2016

As at the date of this announcement, the Board comprises of Ms. Sun Yueying, Mr. Wang Daxiong, Mr. Liu Chong and Mr. Xu Hui, being executive Directors, Mr. Feng Boming, Mr. Huang Jian and Mr. Chen Dong, being non-executive Directors, and Mr. Cai Hongping, Mr. Tsang Hing Lun, Ms. Hai Chi Yuet and Mr. Graeme Jack, being independent non-executive Directors.

All the Directors jointly and severally accept full responsibility for the accuracy of the information in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any of the statements in this announcement misleading.

• The Company is a registered non-Hong Kong company as defined in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and it is registered under its Chinese name and under the English name “China Shipping Container Lines Company Limited”.

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